Request for Statement of Qualifications Financial Advisory Services for Navajo Nation Office of the Controller

Agency: Navajo Nation
State: Arizona
Level of Government: State & Local
Category:
  • R - Professional, Administrative and Management Support Services
Opps ID: NBD16912092259121730
Posted Date: Aug 11, 2022
Due Date: Aug 29, 2022
Solicitation No: RSQ No. 22-08-2864JB
Source: Members Only
Request for Statement of Qualifications
Navajo Nation Office of the Controller
RSQ No. 22-08-2864JB

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REQUEST FOR STATEMENTS OF QUALIFICATION
RSQ ID: 22-08-2864JB
Concerning
Financial Advisory Services
Prepared by the: Navajo Nation Office of the Controller
Issued: August 12, 2022
The Navajo Nation Office of the Controller
P.O. Box 3150
Administration Building 1, 2559 Tribal Hill Dr.
Window Rock, Arizona 86515
Phone: (928) 871-6308 or 6187 | Fax: (928) 871-6026
NNOOC REQUEST FOR STATEMENTS OF QUALIFICATION
RSQ ID: 22-08-2864JB
Page 1 of 13
REQUEST FOR STATEMENTS OF QUALIFICATION
Financial Advisory Services for Navajo Nation Office of the Controller
RSQ ID: 22-08-2864JB
SUBMISSION DEADLINE: Monday, August 29, 2022 by 5:00 p.m. MDT
QUESTIONS must be submitted in written form no later than Friday, August 19, 2022 by 5:00
p.m. MDT to:
Acting Investment Supervisor, at investments@nnooc.org.
Each email submitting a question must be titled using the following email subject naming
convention: “QUESTION on RSQ 22-08-2864JB, Concerning Financial Advisory Services.”
Inquiries made in any other manner or to any other individual or Navajo Nation office regarding
this RSQ will not be answered. Answers to all questions will be posted online in advance of the
submission deadline.
1.0 INTRODUCTION
The Navajo Nation is located in Arizona, New Mexico, and Utah, and has its primary government
headquarters in Window Rock, AZ.
The purpose of the Navajo Nation Office of the Controller (“NNOOC”) is the formulation,
implementation, and execution of the financial plans and policies of the Navajo Nation, to render
accurate and complete reports, and to properly protect the assets of the Navajo Nation using
modern methods of financial management. In executing this purpose, the NNOOC’s mission is to
provide quality service to its customers with integrity and accountability through compliance and
transparency. As part of this purpose and mission, the NNOOC also plays a significant role in the
investing, administration, and management of the Nation’s financial resources, at all times acting
responsibly as a custodian of the public trust.
The NNOOC is requesting statements related to the ongoing provision of independent financial
advisory services to the NNOOC, including but not limited to advising on matters related to
outstanding debt, outstanding and new loans, the restructuring of loans, and the preparation and/or
review of documents related to future financings.
NNOOC REQUEST FOR STATEMENTS OF QUALIFICATION
RSQ ID: 22-08-2864JB
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Please take the time to carefully read and become familiar with the statement requirements. All
statements submitted for consideration must be received by the time specified above as the
“SUBMISSION DEADLINE.”
The RSQ and statement submissions are time sensitive and the deadline for submission is Monday,
August 29, 2022 by 5:00 p.m. MDT. Statements must be submitted electronically, via email, as
detailed below.
SUBMITTING ENTITIES SHOULD NOTE THAT SUBCONTRACTING ANY WORK
SPECIFIED IN THE RSQ IS NOT ALLOWED – NO EXCEPTIONS.
1.1 PROJECT AND LOCATION
The NNOOC office is located at Administration Building 1, 2559 Tribal Hill Dr., Window Rock,
Arizona 86515.
The Financial Advisor will need to come to the NNOOC worksite in Window Rock for an initial
meeting following selection and execution of a contract with the Navajo Nation, and may also be
required to attend other onsite meetings, or meetings that take place away from the NNOOC’s
office.
1.2 PROJECT OBJECTIVE
The objective for this RSQ is for the NNOOC to select and contract with a fee-only Financial
Advisor to provide ongoing independent financial advice serving in an advisory capacity on
various matters.
1.3 SCOPE OF WORK
A. The NNOOC seeks a Financial Advisor to, among other things:
1. Provide ongoing, independent financial advice to the NNOOC;
2. Advise the NNOOC on the Nation’s current and future outstanding debt;
3. Advise the NNOOC on outstanding and new loans made by the Nation to Nation
Enterprises and entities;
4. Advise the NNOOC on restructuring loans made by the Nation to Nation
Enterprises and entities;
5. Advise the NNOOC in connection with, and assist in the preparation and/or review
of, any and all documents related to any proposed financings, including but not
limited to financing plans and proposals, term sheets, offering statements, financing
resolutions, trust indentures, credit enhancement documents, and loan agreements;
NNOOC REQUEST FOR STATEMENTS OF QUALIFICATION
RSQ ID: 22-08-2864JB
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6. Advise the NNOOC and assist with any requests for proposals/requests for
statements of qualification prepared by the Nation for underwriters, lenders, and
other finance professionals, as needed, and assist the NNOOC with financial
analysis and evaluation of any related responses received;
7. Advise the NNOOC as to financing alternatives as appropriate, related but not
limited to matters of maturity, security, timing, structure, or financing payments.
This may also include periodic review of financing concepts proposed to the Nation
by other advisors, banks, or underwriters;
8. Advise the NNOOC with respect to issues arising under the Nation’s Bond
Financing Act. 12 N.N.C §1330 et seq., in relation to debt issuances by the Nation
or by governmental units of the Nation, including useful life calculations and other
matters;
9. Provide assistance to the NNOOC on credit-related projects, including but not
limited to research, analysis, and recommendations with respect to specified
financial practices and policies regarding debt of the Nation or the Nation’s role as
lender for loans to Nation Enterprises and entities;
10. Participate in various meetings as requested by the NNOOC;
11. Assist the NNOOC in reviewing cash flows, financing plans, and debt structures of
the Nation’s debt or loans made by the Nation to Nation Enterprises or entities, as
and when appropriate;
12. Provide reporting on debt refinancing opportunities to the NNOOC;
13. Assist in the valuation of alternative investments;
14. Assist in the valuation of direct investment opportunities that arise with respect to
other Nation entities or independent entrepreneurs;
15. Provide progress reports on work status to the various Nation oversight committees,
including being available during the presentation of such reports;
16. Incorporate investment/financing strategies or recommendations into work already
in progress by the NNOOC or assist in amending previously completed work; and
17. Provide recommendations for other specialty services needed, and provide review
of potential providers of such services.
B. The NNOOC’s desired outcomes for the above detailed Scope of Work mean the selected
Financial Advisor shall, among other things:
1. Provide written recommendations on:
a) courses of action to be undertaken by the NNOOC,
b) referrals for other contractors to provide services as necessary;
2. Provide certifications in relation to financial advisory work done in connection with
services requiring such certification;
3. Attend meetings as directed by the NNOOC, some of which may include mandatory
in-person attendance;
4. Submit all work, including tables, presentations, and reports to key NNOOC staff
as directed, for review before finalization and presentation outside of the NNOOC;
and
NNOOC REQUEST FOR STATEMENTS OF QUALIFICATION
RSQ ID: 22-08-2864JB
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5. Complete all other work as assigned by the NNOOC, and in the format directed, in
a timely manner and as requested by the NNOOC.
1.4 RSQ TIMELINE
The following timeline has been established in anticipation of a contract award; however, the
timeline shall be subject to change at the sole discretion of NNOOC management as deemed
necessary and beneficial to the Navajo Nation. The below timeline does not commit the NNOOC
to award a contract in relation to this RSQ.
MILESTONE
Question submission deadline:
RSQ submission deadline:
Anticipated Notice of Intent to Award:
DATE
Friday, August 19, 2022 by 5:00 p.m. MDT.
Monday, August 29, 2022 by 5:00 p.m. MDT.
Friday, September 9, 2022.
1.5 STATEMENT REQUIREMENTS
A. Applicable Navajo Nation Laws, Regulations, and Policies
All applicable Navajo Nation laws and regulations shall govern this procurement, including the
eligibility of any interested entity under consideration for a contract award. All interested entities,
any awardee, and contracting party shall comply with any and all applicable laws, regulations, and
policies governing procurement, administration, performance, payment, reporting, and any other
matters related to this RSQ. Applicable laws and regulations include, but are not limited to:
The Navajo Sovereign Immunity Act, 1 N.N.C. § 551 et seq.;
Title 2 of the Navajo Nation Code, related to contracts;
The Navajo Nation Privacy Act, 2 N.N.C. § 81 et seq.;
The Navajo Nation Ethics in Government Law, 2 N.N.C. § 3741 et seq.;
The Navajo Business Opportunity Act, 5 N.N.C. § 201 et seq.;
The Navajo Nation Procurement Act, 12 N.N.C. § 301 et seq.;
The Navajo Nation Procurement Rules and Regulations, resolution BFD-192-03, adopted
by the Budget & Finance Committee of the Navajo Nation Council;
The Navajo Business and Procurement Act (“NBOA”), 12 N.N.C. § 1501 et seq.; and
The Navajo Preference in Employment Act, 15 N.N.C. § 601 et seq.
B. Ownership of Documents
All documents and materials contained in this RSQ are the property of the Navajo Nation. All
documents submitted to the Navajo Nation by an interested entity in relation to this RSQ shall
become the property of the Navajo Nation, and shall not be returned to the submitting entity.
NNOOC REQUEST FOR STATEMENTS OF QUALIFICATION
RSQ ID: 22-08-2864JB
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